See a Social Security Number? Say Something! Report Privacy Problems to https://public.resource.org/privacy Or call the IRS Identity Theft Hotline at 1-800-908-4490 e/3 o > z z m o CO 0*2 Form 990 Department of the Treasury Internal Revenue Service Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation) ► The organization may have to use a copy of this return to satisfy state reporting requirements. OMB No. 1545-0047 >©05 A For the 2005 calendar year, or tax year beginning B Check if applicable, l~l Name change I I Initial return l~] Final return I I Amended return l~l Application pending Please use IRS print or type. See Specific Instruc- tions. , 2005, and ending Open to Public Inspection ,20 C Name of organization American Petroleum Institute Number and street (or P O box if mail is not delivered to street address) 1220 L Street, NW, Suite 900 Room/suite City or town, state or country, and ZIP + 4 Washington, DC 20005 • Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable trusts must attach a completed Schedule A (Form 990 or 990-EZ). G Website: ► www.api.org J Organization type (check only one) ► 501(c) ( 6 ) ■* (insert no) D 4947(a)(1) or □ 527 K Check here ► |~| if the organization's gross receipts are normally not more than $25,000 The organization need not file a return with the IRS, but if the organization chooses to file a return, be sure to file a complete return. Some states require a complete return. L Gross receipts: Add lines 6b, 8b, 9b, and 10b to line 12 ► 114,706,323 D Employer identification number lainAaadan E Telephone number ( 202 ) 682-8352 F Accounting method Q Cash Accrual D Other (specify) ► H and I are not applicable to section 527 organizations. H(a) Is this a group return for affiliates? Q Yes No H(b) If "Yes," enter number of affiliates ► H(c) Are all affiliates included? □ Yes □ No (If "No," attach a list. See instructions ) H(d) Is this a separate return filed by an organization covered by a group ruling? Q Yes No Group Exemption Number ► N/A M Check ► if the organization is not required to attach Sen. B (Form 990, 990-EZ, or 990-PF). Revenue, Expenses, and Changes in Net Assets or Fund Balances (See the instructions.) 1 a b c d 2 3 4 5 6a b c 7 8a b c d 9 a b c 10a b c 11 12 1a Contributions, gifts, grants, and similar amounts received: Direct public support Indirect public support Government contributions (grants) Total (add lines 1a through 1c) (cash $ noncash $ 1b 1c ) Program service revenue including government fees and contracts (from Part VII, line 93) Membership dues and assessments Interest on savings and temporary cash investments Dividends and interest from securities Gross rents Less: rental expenses Net rental income or (loss) (subtract line 6b from line 6a) Other investment income (describe ► 6a 6b 1,623,322 1,996,206 (A) Securities (780,093) (780,093) 8a 8b 8c (B) Other Gross amount from sales of assets other than inventory Less: cost or other basis and sales expensi Gain or (loss) (attach schedule)5wn Net gain or (loss) (combine line 8c, columns (A) and (B)) Special events and activities (attach schedule). If any amount is from gaming, check here Gross revenue (not including $ of contributions reported on line 1a) Less: direct expenses other than fundraising expenses 121 106,296 (106,175) ► □ 1d 6c 28,274,345 83,292,246 2,151,367 (372,884) .^ 8d 9b Net income or (loss) from special events (subtract line 9b from line 9a) Gross sales of inventory, less returns and allowances Less: cost of goods sold 10a 10b Gross profit or (loss) from sales of inventory (attach schedule) (su btraot l i no 10b from l i n e 10 a ) Other revenue (from Part VII, line 103) Total revenue (add lines 1d, 2, 3, 4, 5, 6c, 7, 8d, 9c, 10c, anjj 1U 13 Program services (from line 44, column (B)) . . . 14 Management and general (from line 44, column (C)) 15 Fundraising (from line 44, column (D)) 16 Payments to affiliates (attach schedule) 17 Total expenses (add lines 16 and 44, column (A)) . RECEIVED MAY 1 9 2006 P6PEN;UT 18 Excess or (deficit) for the year (subtract line 17 from line 12) 19 Net assets or fund balances at beginning of year (from line 73, column (AW . . 20 Other changes in net assets or fund balances (attach explanation) . . /DCJH . 21 Net assets or fund balances at end of year (combine lines 18, 19, and 20) . . . 9c 10c (013 <7i (71 18 19 20 21 (886,268) 145,015 112,603,821 104,826.090 7,777,731 3,929,249 (666,589) 11,040,391 For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions. Cat. No 11282Y Form 990 (2005). Q. American Petroleum Institute 13-0433430 Form 990 (2005) Page 2 Statement of Functional Expenses All organizations must complete column (A). Columns (B), (C), and p are required for section 501(c)(3) and (4) organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others. (See the instructions.) Do not include amounts reported on line 6b, 8b, 9b, 10b, or 16 of Part 1. * (A) Total (B) Program services (C) Management and general (D) Fundraising 22 Grants and allocations (attach schedule) . . (rash $ nnnMsh $ ) !f this amount includes foreign y rants, check here p- i_i 22 •- ;~ +\. <$: -;i .... i. 23 Specrfic assistance to individuals (attach 23 24 Benefits paid to or for members (attach schedule) 24 25 Compensation of officers, directors, etc.-?urv * 25 2,415,928 26 Other salaries and wages 26 22,279,061 27 Pension plan contributions 27 5,324,909 28 3,258,794 29 Payroll taxes 29 1,603,421 30 Professional fundraising fees 30 31 Accounting fees 31 737,531 32 Legal fees/ Cfcp^i "Wn 33 Supplies /P±vXf 32 35,435,040 33 815,437 34 Telephone 34 505,024 35 Postage and shipping 35 274,340 36 Occupancy 36 3,634,353 37 Equipment rental and maintenance .... 37 67,452 38 Printing and publications 38 323,365 39 Travel 39 2,332,791 40 Conferences, conventions, and meetings . . 40 2,633,603 41 Interest 41 42 Depreciation, depletion, etc. (attach schedule) 42 754,799 43 Other expenses not covered above (itemize): a Schedule H 43a 22,430,242 b 43b c 43c d 43d e 43e f 43f g 43g 44 Total functional expenses. Add lines 22 through 43. (Organizations completing columns (B)-(D), carry these totals to lines 13-15) 44 104,826,0901 Joint Costs. Check ► □ if you are following SOP 98-2. Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services? . ► D Yes No If "Yes," enter (f) the aggregate amount of these joint costs $ __; (H) the amount allocated to Program services $ ; pit) the amount allocated to Management and general $ ; and fiv) the amount allocated to Fundraising $ Form 990 (2005) American Petroleum Institute 13-0433430 Form 990 (2005) Page 3 Statement of Program Service Accomplishments (See the instructions.) Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular organization. How the public perceives an organization in such cases may be determined by the information presented on its return. Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's programs and accomplishments. What is the organization's primary exempt purpose? ► .Schedule J . All nrnonW^irtn" i ; their exempt purpose achievements in a ciear ana concise manner. State the number of clients served, publications issued, etc. Discuss achievements that are not measurable. (Section 501(c)(3) and (4) organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others.) Program Service Fyiwicac (RequiredTor 5oT(cM3) and (4) orgs, and 4947(a)(1) trusts, but optional lor others) a Schedule K (Grants and allocations $ ) If this amount includes foreign grants, check here ► D (Grants and allocations $ ) If this amount includes foreign grants, check here ► □ (Grants and allocations $ ) If this amount includes foreign grants, check here ► □ (Grants and allocations $ ) If this amount includes foreign grants, check here ► □ e Other program services (attach schedule) (Grants and allocations $ ) If this amount includes foreign grants, check here ► Q f Total of Program Service Expenses (should equal line 44, column (B), Program services) ► Form 990 (2005) American Petroleum Institute 13-0433430 Form 990 (2005) Page 4 E r. SOT Balance Sheets (See the instructions.) lote: Where required, attached schedules and amounts within the description column should be for end-of-year amounts only. (A) Beginning of year (B) End of year 45 Cash — non-interest-bearing 45 46 Savings and temporary cash investments 22,136,178 46 31,432,360 -w§ u n\/^wuiiM iov^ivuuic ....•■■ b Less: allowance for doubtful accounts . 48a Pledges receivable b Less: allowance for doubtful accounts . 47a 3 K35 513 2,618,979 4 47c 47b 387,216 3,148,297 48c 48a 48b 49 Grants receivable 49 50 Receivables from officers, directors, trustees, and key employees (attach schedule) 15,896 50 a 51a Other notes and loans receivable (attach schedule) b Less: allowance for doubtful accounts . 51a 51c o en 51b -3 52 Inventories for sale or use 84,809 52 24,388 53 Prepaid expenses and deferred charges 139,017 53 1,064,387 54 Investments — securities (attach schedule) . . ► □ Cost FMV 40,140,118 54 34,202,821 55a Investments — land, buildings, and equipment: basis b Less: accumulated depreciation (attach schedule) 55a 5eJh.D-i 1 ; 55c 55b 56 Investments — other (attach schedule) . . 56 57a Land, buildings, and equipment: basis . b Less: accumulated depreciation (attach schedule) . IP"^"? • . <=1 57a 8,710,947 1,444,182 ;; 57c 57b 4,529,316 4,181,631 58 Other assets (describe ► Deferred. Pensjor i Costs \ 925,704 58 817,013 59 Total assets (must equal line 74). Add lines 45 through 58. . . . 67,504,883 59 74,870,897 61 Grants payable 8,059,846 60 9,538,476 61 62 Deferred revenue 24,866,475 62 22,426,605 CO CD 2 63 Loans from officers, directors, trustees, and key employees (attach 63 J] CO 64a Tax-exempt bond liabilities (attach schedule) b Mortgages and other notes payable (attach s 64a _1 chedule) 64b 65 Other liabilities (describe ► .Benefit Plan. Liabilities ) 66 Total liabilities. Add lines 60 through 65 30,649,313 65 31,865,425 63,575,634 66 63,830,506 CO « Organizations that follow SFAS 117, check here ► IZ) and complete lines 67 through 69 and lines 73 and 74. 67 Unrestricted 68 Temporarily restricted 3,929,249 67 11,040,391 c cs 68 <s 69 Permanently restricted 69 ■o c 3 u. o Organizations that do not follow SFAS 117, check complete lines 70 through 74. 70 Capital stock, trust principal, or current funds 71 Paid-in or capital surplus, or land, building, a here ► IZ! and 70 s id eauiDment fund 71 CO 72 Retained earnings, endowment, accumulated income, or other funds 73 Total net assets or fund balances (add lines 67 through 69 or lines 70 through 72; column (A) must equal line 19; column (B) must equal line 21) . . 72 3 © z 3,929,249 73 11,040,391 74 Total liabilities and net assets/fund balances i.Add lines 66 and 73. 67,504,883 74 74,870,897 Form 990 (2005) American Petroleum Institute 13-0433430 Form 990 (2005) Part IV-A Page 5 Reconciliation of Revenue per Audited Financial Statements With Revenue per Return (See the instrvctions.) a Total revenue, gains, and other support per audited financial statements a 113,150,898 b Amounts included on line a but not on Part 1, line 12: 1 Net unrealized gains on investments b1 .T 2 Donated services and use of facilities b2 3 Recoveries of prior year grants b3 4 Other (specify)* Net Unrealized gain on Investment b4 67,897 Add lines b1 through b4 b 67,897 c Subtract line b from line a c 113,083,001 d Amounts included on Part I, line 12, but not on line a: 1 Investment expenses not included on Part I, line 6b d1 2 Other (specify): Schedule.!. d2 (479,180) Add lines d1 and d2 d (479,180) e Total revenue (Part I, line 1 2). Add lines c and d ► e 112,603,821 Part IV-B Reconciliation of Expenses per Audited Financial Statements With Expenses per Return a b 1 2 3 4 c d 1 2 Total expenses and losses per audited financial statements Amounts included on line a but not on Part I, line 17: Donated services and use of facilities Prior year adjustments reported on Part I, line 20 ... . Losses reported on Part I, line 20 Other (specify): Schedule | Add lines b1 through b4 Subtract line b from line a Amounts included on Part I, line 17, but not on line a: Investment expenses not included on Part I, line 6b . . . Other (specify): b1 b2 b3 b4 479,180 d1 d2 Add lines d1 and d2 Total expenses (Part I, line 17). Add lines c and d ► : 3 -•J '* 105,305,270 479,180 104,826,090 104.826,090 Current Officers, Directors, Trustees, and Key Employees (List each person who was an officer, director, trustee, or key employee at any time during the year even if they were not compensated.) (See the instrvctions.) (A) Name and address Title and average hours per week devoted to position (C) Compensation (If not paid, enter -0-.) (D) Contributions to employee benefit plans & deterred compensation plans (E) Expense account and other allowances Schedule E 1,934,142 481,786 Form 990 (2005) American Petroleum Institute 13-0433430 Form 990 (2005) Current Officers, Directors, Trustees, and Key Employees (continued) Page 6 75a Enter the total number of officers, directors, and trustees permitted to vote on organization business at board meetings ^ 81 b Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A. Part ll-A or ll-B. related to each other through family or business relationships? If "Yes," attach a statement that identifies the individuals and explains the relationship® . . c Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part ll-A or ll-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to this organization through common supervision or common control? Note. Related organizations include section 509(a)(3) supporting organizations. If "Yes," attach a statement that identifies the individuals, explains the relationship between this organization and the other organization®, and describes the compensation arrangements, including amounts paid to each individual by each related organization. Does the organization have a written conflict of interest policy? 75b 75c 75d Yes / No / Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits (If any former officer, director, trustee, or key employee received compensation or other benefits (described below) during the year, list that person below and enter the amount of compensation or other benefits in the appropnate column. See the instructions.) (A) Name and address (B) Loans and Advances (C) Compensation (D) Contributions to employes benefit plans & defenred compensation plans (E) Expense account and other allowances N/A t&TiViM Other Information (See the instmctions.) Yes No 76 Did the organization engage in any activity not previously reported to the IRS? If "Yes," attach a detailed ■ description of each activity 76 / 77 Were any changes made in the organizing or governing documents but not reported to the IRS? 77 / If "Yes," attach a conformed copy of the changes. 78a Did the organization have unrelated business gross income of $1 ,000 or more during the year covered by this return? 78a / b If "Yes," has it filed a tax return on Form 990-T fc 79 Was there a liquidation, dissolution, termination, o r this year? 78b / ' substantial contraction riurinn the vear? If "Yes " attarh a statement 79 / 80a Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization? 80a / b If "Yes," enter the name of the organization ► .N/A , ind Check Whether it s I I PXPmnt or I I nnnmemnt 81a Enter direct and indirect political expenditures. (Se b Did the organization file Form 1120-POL for this y e line 81 instructions ear? ) . . I81a| 81b | / Form 990 (2005) American Petroleum Institute 13-0433430 Form 990 (2005) Page 7 Other Information (continued) Yes No 82a Did the organization receive donated services or the use of materials, equipment, or facilities at no charge or at substantially less than fair rental value? b If "Yes," you may indicate the value of these items here. Do not include this amount as revenue in Part I or as an expense in Part II. (See instructions in Part III.) l82b| N/A 85 83a Did the organization comply with the public inspection requirements for returns and exemption applications? b Did the organization comply with the disclosure requirements relating to quid pro quo contributions? H/rt 84a Did the organization solicit any contributions or gifts that were not tax deductible? b If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? 501(c)(4), (5), or (6) organizations, a Were substantially all dues nondeductible by members? Did the organization make only in-house lobbying expenditures of $2,000 or less? If "Yes" was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization received a waiver for proxy tax owed for the prior year. Dues, assessments, and similar amounts from members |85c| 83.292.246 Section 162(e) lobbying and political expenditures Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices . . Taxable amount of lobbying and political expenditures (line 85d less 85e) g Does the organization elect to pay the section 6033(e) tax on the amount on line 85f? h If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for Jhe following tax year? 86 501(c)(7) orgs. Enter: a Initiation fees and capital contnbutions included on 82a / S3a / 83b 84a 84b 85a c d e f 85d 85e 85f 7,881,018 12,493,836 (4,612,818) 86a 86b 87a 87b N/A N/A N/A N/A line 12 b Gross receipts, included on line 12, for public use of club facilities 87 501(c)(12) orgs. Enter: a Gross income from members or shareholders . . . b Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) 88 At any time during the year, did the organization own a 50% or greater interest in a taxable corporation' or partnership, or an entity disregarded as separate from the organization under Regulations sections 301 .7701 -2 and 301.7701-3? If "Yes," complete Part IX 89a 501(c)(3) organizations. Enter: Amount of tax imposed on the organization during the year under: section 4911 ► N/A ; section 4912 ► N/A. ; section 4955 ► b 501(c)(3) and 501(c)(4) orgs. Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year? If "Yes," attach a statement explaining each transaction NJA. c Enter: Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958 ► _ d Enter: Amount of tax on line 89c, above, reimbursed by the organization ► 90a List the states with which a copy of this return is filed ► .District, of Columbia b Number of employees employed in the pay period that includes March 12, 2005 (See N/A 85b w5 2A. 85g 85h 88 89b "■>"-■'. / / / / -, J N/A N/A 243 instructions.) |90b| 91 a The books are in care of ► .P/enda S. Hargett Telephone no. ► .( . 202 . J.682-8350 . Located at ► .1.220 L Street, NW, Washington DC ZIP + 4 ► 20005 b At any time during the calendar year, did the organization have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)? If "Yes," enter the name of the foreign country ► See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts. c At any time during the calendar year, did the organization maintain an office outside of the United States? If "Yes," enter the name of the foreign country ► 92 Section 4947(a)(1) nonexempt chantable trusts filing Form 990 in lieu of Form 1041 — Check here . . . and enter the amount of tax-exempt interest received or accrued during the tax year . . . ► I 92 I Yes No 91b / - 91c / ► D N/A Form 990 (2005) American Petroleum Institute Form 990 (2005) 13-0433430 I^CTSJ Analysis of Income-Producing Activities (See the instructions.) Page 8 Note: Enter gross amounts unless otherwise Unrelated business income Excluded by section 512, 513, or 514 (E) indicated. 93 Program service revenue: (A) Business code (B) Amount (C) Exclusion code (D) Amount Related or exempt function income 9 Schedule B 541900 2,757,335 25,517,010 b c d e f Medicare/Medicaid payments g Fees and contracts from government agencies 94 ' Membership dues and assessments . . . 83,292,246 95 Interest on savings and temporary cash investments 14 1,371,274 96 Dividends and interest from securities . . 97 Net rental income or (loss) from real estate: .1 a debt-financed property b not debt-financed property 16 (372,884) 98 Net rental income or (loss) from personal property 99 Other investment income 1 00 Gain or (loss) from sales of assets other than inventory 18 (106,175) 101 Net income or (loss) from special events . 102 Gross profit or (loss) from sales of inventory 103 Other mvpnufi: a Schedule C 145,015 b c d e 104 Subtotal (add columns (B), (D), and (E)) J 2,757,335 892,215 108,954,271 105 Note: Total (add line 104, columns (B), (D), and (E)) , 112,603,821 Line 105 plus line 1d, Part I, should equal the amount on line 12, Part I. ISffTOTTl Relationship of Activities to the Accomplishment of Exempt Purposes (See the instructions~ Line No. T Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment of the organization's exempt purposes (other than by providing funds for such purposes). 93,94 Schedule L 103a Information Regarding Taxable Subsidiaries and Disregarded Entities (See the instmctions.) (A) Name, address, and EIN of corporation, partnership, or disregarded entity Percentage of ownership interest (C) Nature of activities (D) Total income <9 End-of-year assets N/A % Information Regarding Transfers Associated with Personal Benefit Contracts (See the instructions.) (a) Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? . D Yes IZl No (b) Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? □ Yes H No Note: If "Yes" to (b), file Form 8870 and Form 4720 (see instructions). Please Sign Here Under penalties of perjury, I declare that I hawe"examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct^^od complete Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge. ^> V<P^<^ ► Type or ojjnt name and title. y, ) Date B (or yours k — " ' ' I Paid Preparer's Use Only Preparer's signature Firm's name (or yours if self-employed), address, and ZIP * 4 ► Check if self- employed ► L_l 1'AIJbAMUTKYON UWSANDCONSULrANTS 805 15th STREET, N.W. SUITE 900 WASHINGTON, DC 20005 Preparer's SSN or PT1N (See Gen Inst. W) EIN Phone no ► I Form 990 (2005) American Petroleum Institute Federal ID #1 3-0433430 Form 990 Part I, Line 8 2005 Description Date Sold Basis Sales Price Gain/(Loss) Obsolete Equipment 2005 106,296 121 (106.175) Realized Loses 2005 - (780,093) (886,268) Schedule A American Petroleum Institute Federal ID #13-0433430 Part VII, Line 93a 2005 Unrelated business income program service revenue 2,757,335 Subscriptions 869,624 Sales of Publications 272,863 Certification Programs Fees 15,334,608 Gross Meeting Revenue 3,338,483 Publication Sale Royalities 5,661 ,885 Reimbursement from Affilates 39,547 Related program service revenue 25,517,010 Schedule B American Petroleum Institute Federal ID #13-0433430 Part VII .Line 103 Other Revenue 2005 Reimbursement of Expenses from Affiliates Reimbursement of Expenses from Energy-ISAC 18,000 Other 127,015 Total 145,015 Schedule C American Petroleum Institute Federal ID #13-0433430 Form 990 Part IV, Line 54 2005 Description Rate Maturity Cost Market Value American Express Cr. Corp. MTN 1.260% 9/19/2006 1,703,099 1,702,006 Bank America Corp 7.200% 4/15/2006 760,215 693,175 Morgan Stanley Dean Witter & Co 6.100% 4/15/2006 540,710 501 ,755 Wells Fargo & Co. SUB NT 6.875% 4/1/2006 1,537,563 1,410,585 Fed Home LN Bks Cons BD 4.875% 5/15/2007 4,371,594 4,205,250 Federal Home LN BK 3.750% 8/15/2007 6,550,345 6,400,485 Federal Home LN BKS 3.375% 9/14/2007 3,006,414 2,935,320 Fedl Home LN BKS Preassign 2.875% 2/15/2007 3,005,487 2,938,140 U.S. Treasury NTS 4.500% 11/15/2010 10,031,250 10,053,900 U.S. Treasury NTS 2.625% 5/15/2008 3,587,227 3,362,205 35,093,903 34,202,821 Schedule D-1 Name Bryron M. Cavaney Michele Rinn Brenda S. Hargett Harry Ng James J. Mulva Bobby Shackouls James T. Hacketl John Hofmeister Title & Time Devoted President & Chief Executive Officer 40hrs7wkly 100% American Petroluem Institute Federal ID #13-0433430 PartV Officers Wages 2005 Contribution to Average hours per week Employee Benefit Expenses & Other devoted to postlon Wages Plan Allowances OOrpOlctie ocCieuary cu iu i Corporate Services 100% 40hrs./wkly CFO and Group Director of Special Programs and Financial Operations 40hrs./wkly 100% General Counsel and Director of Legal Services 100% Chairman of the Board - Executive Committee (As needed) 40hrs./wkly less than 1 hour per week Treasurer - Executive Committee less than 1 hour per week (As needed) Member - Executive Committee (As needed) Member - Executive Committee (As needed) Clarence P. Cazalot, Jr. Member - Executive Committee (As needed) J. Larry Nichols David J. O'Reily Ross J. Pillan Lee R. Raymond Claiborne P. Deming Member - Executive Committee (As needed) Chairman of the Board (As needed) Member - Executive Committee (As needed) Member - Executive Committee (As needed) Member - Executive Committee (As needed) Totals All of the above may be contacted in care of the American Petroleum Institute 1220 L Street, N.W. Washington. DC 20005 less than 1 hour per week less than 1 hour per week less than 1 hour per week less than 1 hour per week less than 1 hour per week less than 1 hour per week less than 1 hour per week less than 1 hour per week 1.216,430 197,600 276,997 243,116 1,934,142 371,936 26.457 56,288 27,105 481,786 Schedule E American Petroleum Institute Federal ID #13-0433430 Part I, Line 20 Other changes in net assets or fund balances 2005 Change in minimum pension liability (734,485) Unrealized Gain (Loss) on Investment 67,897 Adjustment (1) (666,589) Schedule F American Petroleum Institute Federal ID #13-0433430 Part II, Line 42 Depreciation 2005 Depr. Acquisition Year Asset Cost Depr. Rate Expense Furniture & Equipment Computers "2005 860,509 0.00% - 2005 31,461 10.00% 3,146 2004 1 1 1 ,874 10.00% 11,187 2003 84,534 10.00% 8,453 2002 127,041 10.00% 12,704 2001 214,651 10.00% 21,465 2000 174,446 10.00% 17,445 1999 121,294 10.00% 12,129 1998 329,078 10.00% 32,908 1997 350,884 10.00% 35,088 1996 196,563 10.00% 19,656 1995 & Prior 330,776 2,933,111 - 174,183 "2005 31,961 0% . 2005 573,163 33% 191,054 2004 197,420 33% 65,806 2003 267,116 33% 89,039 2002 317,612 0% - 2001 464,461 0% - 2000 & prior 56,895 1 ,908,628 345,899 796,101 48,108 Internal Use Software Leasehold Improvements 3,073,107 186,609 Total 8,710,947 754,799 Accum. Depreciation (4,529,316) 4,181,631 Furniture and equipment are stated at cost and are depreciated on the straight-line basis over ten years. Leasehold improvements are stated at cost and re amortized over the lesser of the remaining term of the related leases ore the estimated remaining services lives of the assets. Internal use software and computers are stated at cost and amortized on the straight-line basis over three years. /Equipment and Computers that were purchased in 2005 but will be used in 2006. Schedule G American Petroleum Institute Federal ID #13-0433430 Part II Other Expenses 2005 Description Amount Studies, Analysis & Research* 19,326,241 Pension Expense 731,906 Postretirement Benefit Cost 1,500,258 Software maintenance and license fees 326,035 Contributions 128,197 Insurance and property tax 417,605 Bad Debt compri - 22,430,242 * Studies, Analysis & Research is sed of the following expenses: Laboratory Research 13,058,312 Coalition Memberships & Grants 6,267,929 19,326,241 Schedule H American Petroleum Institute Federal ID #13-0433430 Part IV-A Line d (2) and Part IV-B Line b (4) 2005 Net sublease loss (372,884) Loss on disposal of Fixed assets (1 08,238} Part IV-A Line d (2) (479,1 80) Part IV-B Line b (4) 479,1 80 Schedule I American Petroleum Institute 13-0433430 Schedule J API MISSION STATEMENT The mission of the American Petroleum Institute (API) is to influence public policy in support of a strong, viable U.S. oil and natural gas industry essential to meet the energy needs of consumers in an efficient, environmentally responsible manner. As the U.S. oil and natural gas industry's primary trade association, API: ■ Engages in federal and state legislative and regulatory advocacy that is based on scientific research; technical, legal and economic analysis; and public issues communication; ■ Provides an industry forum to develop consensus policies and collective action on issues impacting its members; and ■ Works collaboratively with all industry oil and gas associations, and other organizations, to enhance industry unity and effectiveness in its advocacy. API also provides the opportunity for standards development, technical cooperation and other activities to improve the industry's competitiveness through sponsorship of self-supporting programs. June 1999 American Petroleum Institute 13-0433430 Schedule K Advocacy API speaks for the petroleum industry before Congress, the executive branch of government, state legislatures, and the news media. It negotiates with regulatory agencies, represents the industry in court and participates in coalitions- building the grassroots support that prods Congress, the White House and state legislators to act. And it strives to enhance credibility on the environmental, health and safety issues that are central to the public's perception of the industry and its products. Information API is the source for information about the petroleum industry. It undertakes the scientific and economic analysis that is the foundation for the industry's stance on the current issues . It collects and compiles statistics. And it is without peer in finding and providing industry-specific information for people who need it. Industry Operations API has set standards for the U.S. petroleum industry since its founding in 1919. In the global marketplace, these same standards are becoming international standards, and API's involvement in international events and organization is growing. More than 500 API standards are now used throughout the world. Many of these standards are now a part of both federal and state regulations. Maintaining quality The increasingly international nature of the petroleum business is evident in API's approach to certifying that products meet the industry's exacting standards of quality. Since 1924, API has licensed oilfield equipment manufacturers to use the API monogram, recognized as a mark of quality around the world. API licenses motor oils for use in both gasoline and diesel engines. API also certifies inspectors of storage tanks, pressure vessels, and piping. Education API organizes seminars, workshops and symposia on issues vital to the industry's livelihood. It provides training materials that help professionals in the oil and gas business meet regulatory requirements and industry standards. American Petroleum Institute 13-0433430 Schedule L API is the U.S. oil and natural gas industry's primary trade association. API influences public policy in support of a strong, viable U.S. oil and natural gas industry essential to meet the energy needs of consumers in a efficient, environmentally responsible manner. Subscriptions, publication sales, certification programs and other related revenues result from API's operations in advancement of its exempt purpose, as stated above.